Neil, The inanity of using shorting to explain the drop in SP is...

Neil,

The inanity of using shorting to explain the drop in SP is incomprehensible, and I certainly hope posters realise that the shorting you reference is COMPLETELY immaterial to the SP movements. I’m surprised and a bit disappointed to see you quote something so irrelevant, and it really raises questions as to why you would put so much emphasis on it, aside from having a confirmation bias of course.

There is no benefit from being a sycophant to a management that has promised the world and delivered zero. In my view, and this is not just CGB specific, I find it disturbing how the wealth of shareholders is indirectly proportional to that of managements.

However, I will praise the management for certain things- they have done a beautiful job for themselves receiving overpaid salaries, securing further wages, getting debt whatever means possible, and accumulating more wealth through their investment at record low prices. That’s great for management, well done them! But it gets to a point where the shareholders must ask what is MY BENEFIT from investing my money with these guys. And I mean more than just the random trading opportunities, I’m talking about steady capital appreciation over time. Value accretive managerial decisions Neil, not feel good fluff or pipe dreams.

With the SOI and the stock at .007, it really is a casino right now because the valuation is just so SP sensitive now. 1 pip moves are millions difference in value, that does not bode well for anyone really, not even the loaded up L1.

On another note, shouldn’t there be some sort of substantial holding notice for the most recent CN conversion? I for one would be much more interested in finding out how L1 was moving their position rather than going on shortman and wasting time drawing inferences to things that don’t exist.

As always, I do hope CGB goes to the moon for people, but I’m not holding my breath...

Gltah and dyor